Friday is also over, let's review the entire market situation of Friday. After Bitcoin's price attempted to break through the highs in the morning without success, it showed a slight retreat. There was no breakdown on the lower side. In the evening, the bulls are once again gearing up, but strong resistance above caused Bitcoin's price to face a significant increase in bearish volume. The intraday low touched the 107316 line, with a space of nearly four thousand points. Ethereum rose sharply from midnight to noon, reaching the 2734 line and facing a pullback, while in the evening, the bearish volume of Bitcoin increased simultaneously. As we are about to enter the weekend, it is expected that the entire day's market will primarily revolve around fluctuating operations, and the weekend is also a good opportunity.

From the technical analysis of the chart, on the daily level, after a previous stable upward trend, a strong pullback was seen in the evening. Although the bearish candlestick formed yesterday shows a downward trend, both the upper and lower shadows are quite significant. On one hand, some bulls chose to take profits at highs; on the other hand, during the pullback process, buying on dips occurred, forming a pattern with resistance above and support below. According to the Bollinger Bands, although the daily price has shown a pullback, it still maintains operation near the middle and upper bands, with both the upper and middle bands showing a stable upward trend, indicating that the current bullish trend has not fundamentally changed. In the 4-hour chart, the price has now fallen near the middle band of the Bollinger Bands; the pullback process shows a decreasing trend of frustration, indicating that bearish strength is gradually weakening. If effective support can be found at the current lower band position, there is hope to regain upward momentum in the future. Throughout the night, we will focus on the bulls.

Operational suggestions

Buy Bitcoin at 108500 Target 110000

Buy Ethereum at 2540 Target 2650